can't imagine if we trade without such kind of tools like simple Fibonacci. so then, what the GBP will badly more drown and touch to the previous lower low.? (some insidebars setup has break downwards). I personally, the cable are really difficult and hard to predict. well, here my simple plan for next early weeks, - long orders: #1.29300 - #1.29000 - #1.28500 (start with tiny size) - stop: 1.27500 - target: 1.31798
please keep in mind, we are all here work with personal thought and own intuition and not call for trade, so use your own risk if look for some ideas posting. make sure to know the risk of losses in trading before entry into the market.
regards, Siti Khadijah
the power of "price action" :)
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look for long trades..? be patient for a while :D
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nahian87
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Can you please describe about price action how it behaves and how would I recognise this price action. Thanks